Hispanic and Latino Americans

The racial wealth gap among 2020 Democrats

Data: FEC; Chart: Naema Ahmed/Axios

The leading white candidates in the Democratic presidential primary combined have nearly four times as much cash on hand as all five non-white candidates.

Why it matters: Some argue the country's racial wealth gap is underlying what we're seeing in the race for the White House — where a diverse field of Democratic candidates is trailing three white front-runners, and where Kamala Harris was forced to lay off dozens of her campaign staffers this week.

Michael Klein mulls Univision takeover

An illustration of a red television in front of a purple background that shows the exit symbol on its screen.
Illustration: Rebecca Zisser/Axios

Michael Klein, a former Citi banker who now runs his own M&A advisory firm, is considering a takeover bid for broadcaster Univision, per Bloomberg.

Why it matters: Univision's private equity owners have wanted to exit for years, and Klein has a knack for getting difficult deals over the finish line.